News From Press Millennials almost half of new mutual fund investors in FY19

Millennials almost half of new mutual fund investors in FY19

Cams data shows that 1.7 million of its 3.6 million new investors were millennials

Mint Jul 25, 2019

More and more millennials are taking to mutual fund investing and are letting their corpuses grow by holding them over long terms. According to data from Computer Age Management Services (Cams), a transfer agency which services 68% of MFs in India, of the 3.6 million new MF investors it onboarded in FY18-19, 47% (1.7 million) were millennials (between 20 and 35 years). Cams shared the data exclusively with Mint along with its observations.

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